Multistate
“I hold significant assets in foreign bank accounts, what are the severe penalty risks if I accidentally fail to file my FBAR and FATCA disclosures on time?”
Missing FBAR and FATCA reporting can carry significant exposure, and the risk profile often depends on whether the omission was accidental, whether the accounts were properly disclosed later, and how the account balances and ownership facts were documented. In practice, the government may look at the nature of the foreign accounts, the timing of the missed filings, and whether there is a pattern of noncompliance or a one-time oversight. Because these disclosures involve separate reporting systems, the consequences can vary widely, especially when foreign financial records, transfer history, and prior tax filings do not line up cleanly. Working through the specifics with a CPA is the cleanest way to land on the right move.
In your 90-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I moved from Virginia to Arizona this year, how do I file taxes in both states?”
“I lived in Virginia and then Arizona this year, how do I do my taxes in both states?”
“As someone who moved from Virginia to Arizona, how do I file state taxes?”
“I paid for business supplies using my personal credit card on behalf of my Florida non-profit, can I still legally use the DR-14 exemption certificate for that purchase?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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